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8 April, 05:16

Compare Hoover's and Roosevelt's programs to combat the Depression.

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  1. 8 April, 08:58
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    Hoover launched a massive public works program and introduced various economic reformatory acts.

    Roosevelt introduced "New Deal".

    Explanation:

    Hoover's Policy:

    *During the great Depression Hoover tried to get back people to work instead of going behind relief grants

    *In october 30th he established the President's Emergency committee for employment.

    *He introduced ideas like, The Reconstruction Finance Corporation through which loans were granted for various institutions.

    *The Glass-Steagall Act of 1932 for getting commercial credit.

    *The Emergency Relief and Construction Act of 1932 through which funds were released for public works for local, state and federal bodies.

    Roosevelt's policy:

    *He introduced "New Deal" policy to combat Depression.

    *Through New Deal a series of programs for public works, financial reforms and regulation were enacted.

    *The major programs included the "Civilian Conservative Corps", the "Civil Works Administration ", the "Farm security Administration ", the "National Industrial Recovery Act of 1933", the "Social Security Administration ".

    *The program focused on 3 "R", - Relief for the unemployed and poor-Recovery of the economic back to normal levels-Reform of the financial system to prevent a repeat Depression.
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